AUCTION -Date to be announced (Unless Sold Prior)

1) -Extend the home safe in the knowledge that you would have difficulty over capitalising this property given that it can be argued that in excess of 90% of your purchase price will be in the value of the land.

2) -Keep the house as an investment /rental and subdivide a 400 sqm allotment to the rear subject to City of Holdfast Bay Planning approval.

3) Demolish the existing house and either build two homes OR sub-divide the site into two Torrens Title Allotments subject to City of Holdfast Bay Council Planning approval.

4) -Sell the vacant land given that your research will identify with Torrens Title vacant land beachside of Brighton Road currently on the market just around the corner in Edwards Street Brighton in excess of $1000 per sqm.